Common use of Right of Termination During Inspection Period Clause in Contracts

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 4 contracts

Samples: Purchase Contract (Apple Residential Income Trust Inc), Bitter Purchase Contract (Apple Residential Income Trust Inc), Purchase Contract (Apple Residential Income Trust Inc)

AutoNDA by SimpleDocs

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If if Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 2 contracts

Samples: Purchase Contract (Apple Residential Income Trust Inc), Purchase Contract (Apple Residential Income Trust Inc)

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If if Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 2 contracts

Samples: Purchase Contract (Apple Residential Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc)

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, records tenant cards and occupancy data available. If Purchaser purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property property or the rents, occupancy or expenses of the Propertyproperty, then notwithstanding anything contained herein to the contrary, Purchaser purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement only by giving written notice to Seller or its attorney before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 1 contract

Samples: Purchase Contract (Apple Residential Income Trust Inc)

AutoNDA by SimpleDocs

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2for Purchaser's indemnification obligation herein, and all deposits shall be returned to Purchaser.

Appears in 1 contract

Samples: Purchase Contract (Apple Residential Income Trust Inc)

Right of Termination During Inspection Period. Purchaser shall also be permitted to review all original leases, expense records, tenant cards and occupancy data available. If if Purchaser is not satisfied, in its sole and exclusive discretion, with the state of maintenance and repair of the Property or the rents, occupancy or expenses of the Property, then notwithstanding anything contained herein to the contrary, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller before the end of the Inspection Period, and no party hereto shall have any further liability to any other party hereto, except as provided in Paragraph 6.2.2, and all deposits shall be returned to Purchaser.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.